Property Overview
This 1954 one-storey home in Varsity View offers a classic, low-maintenance living arrangement on a generous 7,211 sqft lot. Its key appeal lies in a combination of established neighborhood character and practical, updated features. The home includes a finished basement, adding valuable living space to its 1,154 sqft main floor footprint. While it lacks a garage, the large lot presents clear potential for adding one or for expansive gardening and outdoor living.
Its strongest selling points are its location and land. The property ranks highly within Winnipeg overall, particularly for its above-average lot size. It suits first-time buyers looking for a solid entry into a desirable, central neighborhood, or downsizers seeking a manageable single-level layout without sacrificing outdoor space. A thoughtful perspective for buyers is to see the 72-year-old home as a well-located "blank canvas"—the recent sale history suggests it's been maintained, but the era and lot size equally suggest potential for personalization or future expansion, making it a pragmatic long-term investment in a sought-after area.
Frequently Asked Questions
1. How does the finished basement affect the living space?
It adds functional square footage beyond the main floor, likely providing space for additional bedrooms, a family room, or a dedicated utility area, which is a significant asset in a home of this vintage.
2. What does the lack of a garage mean for this property?
While off-street parking may be via a driveway, the absence of a garage is offset by the very large lot. This presents an opportunity—the space and value exist here to potentially add a garage or workshop in the future, which many smaller lots in the area cannot accommodate.
3. The home was built in 1954. What should I be aware of?
While systems may have been updated, a home of this age warrants a thorough inspection focusing on the foundation, plumbing, electrical wiring, and insulation standards to understand any needed maintenance or modernization.
4. The 2022 sale price was higher than the current assessed value. Why?
Assessed value is for municipal tax purposes and can lag behind the market. The 2022 sale price is a concrete data point showing what a buyer recently paid, likely reflecting strong demand for homes in Varsity View, and may be a more current indicator of its market value.
5. The rankings show it's "newer" than only 29% of Winnipeg homes. Is that a concern?
This highlights the home's classic, established nature rather than being a modern build. For the right buyer, this represents character and a proven, stable structure in a mature neighborhood with large lots—a trade-off that many find appealing for the location and potential.